In Massachusetts, do I pay Sales TAX at the time of Closing? I understand about the tax on Capital Gains but

Tr
Home Seller
02360

am unsure about paying 'Sales Tax' time of closing.

Answers (4)
Bill Gassett
Agent
Hopkinton, MA

Yes. They tax is known as the Massachusetts tax stamp or transfer tax. The cost is $4.56 per thousand. So if you are selling a home for $300,000. The amount you would owe would be 4.56 x 300.

Sun Jun 28 2009, 18:46
Irena Magzelci
Agent
Newton, MA

The obligation to pay deed stamps is imposed on the seller, except in some instances where buyer agrees to pay for it.

Wed Aug 13 2008, 14:02
Jonathan Bowen
Broker
Boston, MA

Yes, the cost is $4.56 per $1,000. They're called tax stamps and they bite you on the tush at closing. Figure it as an extra .456% at closing.

Tue Aug 12 2008, 20:00
Vicky Chrisner
Agent
20176
FIRST ANSWER

I believe you do, although I can't give you an estimate. Do you need referral to a local real estate agent, or perhaps a settlement/closing attorney? I'd be happy to refer you - please feel free to contact me at vchrisner@kw.com

Mon Aug 11 2008, 18:03

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